The Relevance Between Corporate Governance And Correction Bulletins For Annuals

In recent years, the "patch" of annals frequently arose. Listed companies often make supplement or correction to the financial statement they just released. The emergency of complementarity and correction bulletins usually means that there are possible error or neglect in the originally annals, and even badly, it sometimes becomes a good choice of managers to delay the disclosure of negative information. Anyway, "Annual Patch" destroys the disclosed accounting information quality actually. Corporate government is related with disclosure of accounting information, and it' s perfect or not constrains the quality of accounting information. If it is perfect, the possibility of the emergency of complementarity and correction bulletins for annals will be reduced, and the quality of accounting information will be improved.The full paper is divided into four parts. Firstly, the writer sums up the study about financial restatement, using them for reference. Secondly, the writer designs this research: making hypothesis, choosing and describing samples and defining variables. Thirdly, this paper makes an empirical study and analyzes on influence to complementarity and correction bulletins for annals by corporate governance through single variables test and multiple variables logistic regression test. It is shown that comparing with non-patched companies, the patched companies have more state-owned share and legal person share, but less tradable share; have more independent directors and audit committees; are younger and have lower asset-liability ratio. Finally, the writer put forward some advices according the reality of China and the results of this research.